1611/49 Furzer Street, Phillip ACT 2606

This properly is a three bedroom, two bathroom apartment on the 16th floor of a 2024 built tower. Internal area is 131 square metres with a 24 square metre balcony. It is north facing, has floor to ceiling double glazed windows, and an energy rating of 6. Three secure car spaces and a separate storage unit are included. Strata fees are $1,355 per quarter, rates $520 per quarter. What is competitively strong is the combination of three secure car spaces and a storage unit, which is rare for apartments in Phillip. The north orientation and high floor provide unobstructed natural light and views that exceed typical stock. The building is new, with above average energy performance. This property sits at the premium end of Phillip’s housing, positioned to serve downsizers seeking low maintenance living with generous internal space, or professionals wanting immediate access to Westfield Woden and Canberra Hospital. Investors may also be drawn to the rental demand from these cohorts and the scarcity of such configurations in the suburb. The property feels purpose built for buyers who prioritise convenience and a refined but not ostentatious high rise experience. The strata fees and rates are above what older units in the area command, which may affect net holding costs for an investor. The high floor limits appeal for anyone uncomfortable with elevator dependency or who values ground level access. Land tax applicability remains unclear, so that should be verified before forming a final view on outgoings. On the other hand, the shortage of new luxury apartments with this many parking spaces and storage may support price resilience. Any adjustment in the local rental market could shift yield expectations, but the property’s fundamentals are solid enough that value is unlikely to be materially undermined by typical market fluctuations.